Angela Natividad's Live & Uncensored!

03 April 2008

Jay-Z Goes Exclusive ... with a Promoting Crew?

Jay-Z's leaving Def Jam for a Live Nation contract that covers his music and related ventures for the next 10 years. The perks:

  • $25 million up front

  • $10 million advance per album for a minimum of three
  • $25 million for tours

  • $20 million for publishing, licensing and other rights

"I've turned into the Rolling Stones of hip-hop," he quipped.

The tide it is a-turning. For record labels, anyway. Jay-Z's the same old Jay-Z -- ahead of the curve. Which you can afford to be when you're among the few rappers not convinced that "staying real" means never quite cashing in.

1 comment:

Anonymous said...

And the floodgates will open now, signing musicians like free agents in sports.